Certifcate u/s 195 of income tax
This query is : Resolved
23 August 2012
If a Company Registered in United Kingdom is providing services to Indian Company (Carries business in india) through its permanent establishment situated in India. The Nature of Transaction between Payer and Payee is Contract (AMC). Plz let me know the How to Calculate the Rate of TDS in this Case.
Regards & Thanks
CA Ravi K Jagetiya
Regards & Thanks
CA Ravi K Jagetiya
24 August 2012
Same shall be covered under FTS. Refer UK treaty, tds should be 15%.
(If no PAN then 20% as per S 206AA)
(If no PAN then 20% as per S 206AA)
24 August 2012
Thanks Arihant,
Further to my query, the transaction involved is not in the nature of Fee for technical services, then what would be the rate of TDS ? Its in the nature of Business Profit.
Further to my query, the transaction involved is not in the nature of Fee for technical services, then what would be the rate of TDS ? Its in the nature of Business Profit.
25 August 2012
If its not FTS, then majority cases will be under Business profits only. Rate 40%
25 August 2012
As i told you its not FTS, What will be the rate of TDS ?
28 August 2012
Where the Rate of 40% Mentioned in DTAA. Can u please provide me the link for the same.
Thanks & Regards
Thanks & Regards
28 August 2012
refer Sec 195
30 November 2012
Sec. 195 read with sec. 44DA provides for TDS @ 42.23% on NET basis.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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